Arbeitspapier
Alternative Measures of Price Inflation and the Perception of Real Income in Germany
Since the 1980s inflationary pressures seem to materialize overproportionately outside of the sectors of consumer goods and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation estimates. Both turn out to be negative over the past decade in the most pessimistic scenarios.
- Sprache
-
Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 8583
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Monetary Policy
Central Banks and Their Policies
Macroeconomic Analyses of Economic Development
- Thema
-
inflation
harmonized index of consumer prices
hidden inflation
assets prices
costs of public goods
inflation targeting
monetary policy
real wages
real economic growth
Germany
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Israel, Karl-Friedrich
Schnabl, Gunther
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Israel, Karl-Friedrich
- Schnabl, Gunther
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020